Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Offer Options for Mississippi, Alabama Coastal Homeowners
Jan 12 2011 // A handful of new insurers have entered the coastal markets of Alabama and Mississippi, offering options to some homeowners. Coastal American, PURE, American Strategic, Wilshire, Republic and Southern Fidelity may not...
Australian Floods to Cost Insurers, Reinsurers $1 Billion
Jan 12 2011 // The devastating floods in Queensland state that forced evacuation in Brisbane, Australia’s third-largest city, are expected to be a near $1 billion event for insurers, though reinsurance is seen covering more than...
Insurer Pays Tennessee for May Flood Damage
Jan 11 2011 // State officials say Tennessee has received reimbursement for last May’s flooding that damaged state buildings and other state-owned property. Treasurer David Lillard says the state received a $7.5 million check this...
Insurers, Industries Affected by Australia’s Floods
Jan 11 2011 // Australia’s mining industry has borne the brunt of the economic impact from massive floods in Queensland state, but agriculture, construction, transport, tourism and retail have also been hit. Following is a list of...
Atlas General Insurance Services Announces Addition of New Carrier for its Workers’ Compensation Program
Jan 11 2011 // San Diego, CA, 1/11/2011 – Atlas General Insurance Services is pleased to announce the addition of a new carrier to enhance its workers’ compensation portfolio. This new program, developed by Atlas and Republic...
As Small Business Shrinks, Small P/C Insurers Lose
Jan 11 2011 // The property/casualty small business sector—those accounts with less than 50 employees—has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and large...
Federal Judge Dismisses Suits Against Insurers Over Chinese Drywall Coverage
Jan 10 2011 // A federal judge in Louisiana in mid-December let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from...
Facts and Legends of Insurance Industry History
Jan 10 2011 // Benjamin Franklin founded America’s oldest, continuously active insurance company in 1752. Franklin and several prominent business associates established the Philadelphia Contributorship for the Insurance of Houses...
What Happened in Workers’ Compensation in 2010
Jan 10 2011 // Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial lines including the workers’ compensation industry in 2010, as they did in 2009. Robert...
Florida Home Insurance Rates Rising
Jan 10 2011 // Florida regulators have approved $718 million in rate increases that will affect 4 million policyholders — even though there have been no hurricanes for five years. The insurance industry says the increases are needed...
Liberty Mutual Continues Fight with AIG As Other Insurers Settle
Jan 10 2011 // American International Group has negotiated a $450 million settlement with seven of its competitors in the protracted litigation over its questionable reporting of workers’ compensation premiums. But the long-running...
Texas Insurer Alleges Vendetta by Florida Regulator McCarty
Jan 10 2011 // A Texas insurance company and its owner are suing Florida Insurance Commissioner Kevin McCarty, accusing him of being vindictive and defamatory in his efforts to ban the company from writing workers’ compensation...
Texas-Based Insurer GAINSCO to De-list Its Common Stock
Jan 10 2011 // GAINSCO Inc. (NYSE Amex: GAN), an insurance holding company headquartered in Dallas, has announced it will voluntarily suspend trading of its common stock. The company reports there are fewer than 300 holders of its common...
New York Insurers Applaud Plan to Merge State’s Regulatory Arms
Jan 7 2011 // A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The...
Bond Insurer Sues Goldman Sachs Over Abacus Deal
Jan 7 2011 // Bond insurer ACA Financial Guaranty Corp. sued Goldman Sachs Group Inc. on Thursday, alleging it was deceived into insuring a transaction designed to fail and for which Goldman ultimately paid a $550 million civil...
Midwest Insurers Austin Mutual and Cooperative Mutual Complete Merger
Jan 7 2011 // Minnesota-based Austin Mutual Insurance Company, a regional property and casualty insurer, announced it has completed its merger with Cooperative Mutual Insurance Co. located in Omaha, Neb. The previously announced merger...
Maine Licenses Two New Insurers
Jan 6 2011 // Maine has licensed two new workers’ comp insurers, one of them a new company that will begin writing this month, the state insurance department said. The first, Great Falls, which will begin offering policies this...
Dukes Named Tennessee VP for Keystone Insurers
Jan 5 2011 // Doug Dukes has been named state vice president of Tennessee for Keystone Insurers Group. Dukes will manage Keystone’s expansion into Tennessee, slated to occur this month. Dukes most recently served as field and...
North Carolina Insurers Seek Rate Hike on Dwelling Fire Policies
Jan 5 2011 // North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect...
Florida Workers’ Compensation Market Remains Competitive: Report
Jan 5 2011 // Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not...
